MICROBELCAPS
ActiveSummary
MICROBELCAPS has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €575k and a net result of €9k. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 73% of 64 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▼-26
Solvency94▲+11
Growth35▼-17
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 3.25 against 2.45 in 2024; short-term debt: 16% and cash: 20.1% of total assets), and 30.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
69.5%
Return on assets
1.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 21
Relative position
BE, all sectors
reference
Sector 21
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
35 d early
2023
28 d early
2022
17 d early
2021
12 d late
2020
37 d early
2019
14 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€595k▼ 35.1%
2024 · €917k
2018: €2.12M
2019: €438k
2020: €627k
2021: €486k
2022: €725k
2023: €777k
2024: €917k
2018 → 2025
EBIT margin
3.0%▼ 21.4pp
2024 · 24.3%
2018: 4.2%
2019: 6.3%
2020: 14.7%
2021: 5.3%
2022: 23.0%
2023: 22.6%
2024: 24.3%
2018 → 2025
Net result
€9k▼ 94.3%
2024 · €159k
2018: €45k
2019: €8k
2020: €77k
2021: €14k
2022: €136k
2023: €121k
2024: €159k
2018 → 2025
Working capital
€299k▼ 12.3%
2024 · €341k
2018: €212k
2019: €165k
2020: €167k
2021: €156k
2022: €228k
2023: €280k
2024: €341k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€486k-€725k▲ 49.3%€777k▲ 7.2%€917k▲ 17.9%€595k▼ 35.1%
Equity€346k-€426k▲ 23.1%€487k▲ 14.3%€566k▲ 16.3%€575k▲ 1.6%
Operating result€26k-€167k▲ 545%€175k▲ 5.3%€223k▲ 27.2%€18k▼ 92.1%
Net result€14k-€136k▲ 896%€121k▼ 11.3%€159k▲ 31.8%€9k▼ 94.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 92% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €827k
Fixed assets
€396k ▲ 0.8%
Current assets
€431k ▼ 25.1%
Equity and liabilities €827k
Equity
€575k ▲ 1.6%
Debt
€252k ▼ 37.3%
Debt's share of the balance-sheet total falls from 41.6% to 30.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€62k▼
2024 · €262k
Cash flow
€53k▼
2024 · €198k
Current ratio
3.25▲
2024 · 2.45
Quick ratio
2.63▲
2024 · 2.10
Debt to equity
0.44▼
2024 · 0.71
ROE
1.6%▼
2024 · 28.1%
ROA
1.1%▼
2024 · 16.4%
Interest coverage
9.98▼
2024 · 34.25
Debt ≤ 1 year
€133k▼
2024 · €235k
Debt > 1 year
€120k▼
2024 · €167k
Income taxes
€4k▼
2024 · €58k
Staff costs
€280k▲
2024 · €266k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€969k€827k▼
Fixed assets21/28€393k€396k▲
Tangible fixed assets22/27€393k€396k▲
Land and buildings22€379k€350k▼
Plant, machinery and equipment23€13k€45k▲
Furniture and vehicles24€391-
Financial fixed assets28€149€149=
Current assets29/58€576k€431k▼
Stocks and contracts in progress3€81k€82k▲
Stocks30/36€81k€82k▲
Amounts receivable within one year40/41€171k€165k▼
Trade receivables40€145k€146k▲
Other amounts receivable41€25k€19k▼
Current investments50/53€343€343=
Cash at bank and in hand54/58€310k€166k▼
Deferred charges and accrued income490/1€14k€18k▲
Equity and liabilities
Total equity and liabilities10/49€969k€827k▼
Equity10/15€566k€575k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€497k€506k▲
Amounts payable17/49€403k€252k▼
Amounts payable after more than one year17€167k€120k▼
Financial debts170/4€167k€120k▼
Amounts payable within one year42/48€235k€133k▼
Current portion of amounts payable after more than one year42€48k€52k▲
Trade debts44€24k€24k▼
Suppliers440/4€24k€24k▼
Taxes, remuneration and social security45€107k€57k▼
Taxes450/3€75k€26k▼
Remuneration and social security454/9€32k€31k▼
Other amounts payable47/48€56k-
Accrued charges and deferred income492/3€175€175=
Income statement
Code20242025
Turnover70€917k€595k▼
Non-recurring operating income76A-€13k
Goods, raw materials, services and sundry goods60/61€367k€308k▼
Remuneration, social security and pensions62€266k€280k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€44k▲
Other operating charges640/8€13k€12k▼
Non-recurring operating charges66A€36k-
Gross operating margin9900€578k€355k▼
Operating profit (loss)9901€223k€18k▼
Financial income75/76B€1k€1k▼
Recurring financial income75€1k€1k▼
Financial charges65/66B€8k€6k▼
Recurring financial charges65€8k€6k▼
Non-recurring financial charges66B-€184
Profit (loss) for the period before taxes9903€217k€13k▼
Income taxes67/77€58k€4k▼
Profit (loss) for the period9904€159k€9k▼
Profit (loss) for the period to be appropriated9905€159k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€577k€506k▼
Profit (loss) brought forward from the previous period14P€418k€497k▲
Profit to be distributed694/7€80k-
Return on contributions (dividend)694€80k-
Social balance
Average headcount (FTE)90874.74.4▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €159k ▲31.8%
Operating result €223k, net result €159k, both a record.
31-12
Financial
Equity above €500kEq €566k ▲16.3%
7 profitable years in a row build equity to €566k.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
31-12
Financial
Weakest financial yearnet €8k ▼81.8%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Allée des Noisetiers 24031 LiègeGround area
2,500 m²
Building footprint
439 m²
Volume, LiDAR
3,455 m³
Parcel 62002C0005/00Z006, Wallonia · tallest building 9.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Allée des Noisetiers 2, 4031 Liège
since 19952.102.983.853
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62002C0005/00Z006 | Wallonia | 2,500 m² | 1 · 439 m² | 9.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MEDI IMMO
BE 0534.524.042
Waterloo · Eq €624k
YUN
BE 0838.163.142
Niel · Eq €521k
Telix Pharmaceuticals (Belgium)
BE 0695.832.765
Seneffe · Eq €515k
THERATOPIX PHARMA
BE 0738.446.251
Liège · Eq €645k
Laboratoria Bota
BE 0401.005.027
Deinze · Eq €693k
Of 97 companies in sector 21209 we hold annual accounts for 74. 43 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-02-1995
Fiscal year end31-12
Abbreviation FR
MBC
Activities, NACEBEL 2025
20590Manufacture of chemicals and chemical products
21209Manufacture of basic pharmaceutical products and pharmaceutical preparations
72109Other research and development on natural sciences
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.